Church & Dwight (CHD) FY2024 results: revenue $6.1 billion, up 4.1% on the year

Church & Dwight Co. Inc. (CHD) reported revenue of $6.1 billion for fiscal 2024, the year ended 31 December 2024, up 4.1% on the year before. Net income was $585 million, down 22.5%, and diluted earnings per share $2.37. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.

Revenue

$6.1 billion

+4.1% on the year

FY2017FY2024

Operating margin

13.2%

18.0% a year earlier

FY2017FY2024

Net income

$585 million

-22.5% on the year

FY2017FY2024

Diluted EPS

$2.37

-22.3% on the year

FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ million	FY2024	FY2023	FY2022	On the year
Revenue	6,107	5,868	5,376	+4.1%
Cost of revenue	3,317	3,279	3,126	+1.1%
Gross profit	2,790	2,588	2,250	+7.8%
Gross margin	45.7%	44.1%	41.9%
Research and development	140	122	110	+14.1%
Selling, general and administrative	928	890	706	+4.3%
Operating income	807	1,057	598	-23.7%
Operating margin	13.2%	18.0%	11.1%
Interest expense	95.0	111	89.6	-14.3%
Pre-tax income	756	967	523	-21.8%
Income tax	171	212	109	-19.3%
Effective tax rate	22.6%	21.9%	20.9%
Net income	585	756	414	-22.5%
Net margin	9.6%	12.9%	7.7%
Diluted EPS	$2.37	$3.05	$1.68	-22.3%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2024	FY2023	FY2022	On the year
Operating cash flow	1,156	1,031	885	+12.2%
Capital expenditure	180	224	179	-19.6%
Free cash flow	976	807	706	+21.0%
Free cash flow margin	16.0%	13.8%	13.1%
Cash from investing	-183	-234	-729
Cash from financing	-343	-726	-121
Depreciation and amortisation	239	225	219	+6.2%
Share-based compensation	59.2	63.6	32.3	-6.9%
Buybacks	0.0	300	0.0
Dividends paid	277	266	255	+3.9%
Dividend per share	$1.13	$1.09	$1.05	+3.7%
Diluted shares, weighted	247m	248m	246m	-0.3%

Balance sheet

$ million	FY2024	FY2023	FY2022	On the year
Shareholders' equity	4,361	3,855	3,490	+13.1%
Short-term borrowings	0.0	3.9	n/a
Debt	2,205	2,402	2,674	-8.2%
Operating lease liabilities	168	175	152	-3.7%
Other liabilities	2,149	2,133	2,030	+0.8%
Total liabilities and equity	8,883	8,569	8,346	+3.7%
Fixed assets	932	928	761	+0.4%
Goodwill	2,433	2,432	2,427	+0.1%
Intangible assets	2,888	3,302	3,432	-12.5%
Cash and equivalents	964	344	270	+179.9%
Receivables	601	527	422	+14.0%
Inventory	613	613	647	0.0%
Other assets	452	423	387	+6.7%
Total assets	8,883	8,569	8,346	+3.7%

10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.